Playa Hotels & Resorts To Acquire Six Resort in Mexico, D.R.

Playa Hotels & Resorts announced its plans to buy six high-end, all-inclusive resorts in Mexico and the Dominican Republic from a subsidiary of the Apple Leisure Group. The deal will bring the number of Playa owned hotels under management by AMResorts to seven. As part of the arrangement, Playa has committed to spend more than $25 million over the next year to upgrade the portfolio of resorts. In addition, Barcelo Crestline Corporation, the U.S.-based asset manager for Playa Hotels & Resorts, will enter into a joint venture with Apple Leisure Group to provide growth capital in exchange for a minority, non-controlling interest in the company. As a result of these partnerships, Apple Leisure Group will be able to expand its portfolio in the near future. The agreement is expected to be finalized in December of this year and will not affect Apple Leisure Group's management structure or day-to-day operations. Visit [www.playahr.com]. (JP)

FREE Virtual Event

Pivoting Back to Travel: Phase 4

Are you prepared to guide your clients through the “new normal” of travel? Join us December 15, 2020 from 1pm-2:20pm EST for Pivoting Back to Travel: Phase 4. The upcoming installment of our FREE virtual series will feature presentations from the Cayman Islands, Dominican Republic, and Seabourn on their most up-to-date travel procedures, health & safety protocols they’ve implemented to keep guests safe, activities that are open to visitors, what your clients need to know while on their trip and more! Visit www.pivotingbacktotravel to view the full agenda and register for your FREE pass.

Suggested Articles:

Thailand announced a new tourist visa for U.S. travelers to apply in advance to visit safely for up to 60 days. Here's what you need to know.

Accor is taking full ownership of sbe’s hotel asset light business and entered an all-share merger with Ennismore. Here's what it means.

Insight Vacations has launched its new 2021-22 Americas collection, including Latin America for the first time. Learn more here.